Argonaut Gold Inc T.AR

Gold Still stuck in a RUT!

[crazytimes]

Gold is still stuck in the same RISING WEDGE channel pattern on the daily chart that I have been talking about for a long time now. It has been stuck here for almost a month! Many times people confuse this with bullish longterm movement while in reality it is normally a very BEARISH trading pattern. Gold almost broke the trend to the upside yesterday but is again back in the wedge. In my opinion the longer this continues the tighter the spring when gold finally breaks out. And if history is any indication it will likely be to the downside in a big way. However, technical trading is never perfect and anything is possible. Just my opinion. Good luck to all.

[goldens]

So you are saying that a stock making higher highs and higher lows is bearish? Me thinks your wit matches your moniker. Lol GLTA

[crazytimes]

[crazytimes]

Allrightythen! lol

[Positivelive1]

Thanks golden! We have a couple of wackos on this board.

[crazytimes]

You two keyboard tough guy geniuses might want to reread my post before name calling. At least read the title of the post! I never said anything about AR in my post! Not one word! I simply was commenting on the technical analysis of the gold price and the range it is trading in! Thought some might be interested! Sorry you guys are both so angry and confused! Hope life gets better for you both